CACC
Credit Acceptance Corp
A maker of auto loans for people traditional banks turn away, Credit Acceptance works through a nationwide network of car dealers to help consumers with poor or no credit get behind the wheel. It was founded in 1972 by Donald Foss, a used-car salesman who created the subprime lending model after seeing shoppers struggle to finance their purchases, and it still calls Michigan home. Under its Portfolio Program, dealers get a cash advance up front and receive extra "Dealer Holdback" cash later from the loan's collections—a naming quirk borrowed from how manufacturers quietly hold back funds for dealers.
CUSIP: 225310101FinancialsUS3 holders
Total Value
$87.43M
Total Shares
206.2K
Net Share Change
-141.0K
Activity
3 selling
Investor
Value
Shares
Weight
Change
